{"id":18011,"date":"2025-09-01T21:04:27","date_gmt":"2025-09-01T21:04:27","guid":{"rendered":"https:\/\/ipp-news.com\/?p=18011"},"modified":"2025-09-01T21:04:27","modified_gmt":"2025-09-01T21:04:27","slug":"sm-tanveer-calls-for-slashing-interest-rate","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=18011","title":{"rendered":"SM Tanveer calls for slashing interest rate"},"content":{"rendered":"<div>UBG Patron-in-Chief SM Tanveer has demanded a reduction in interest rate to 6% after a significant drop in the Consumer Price Index (CPI) to just 3% in August 2025.<\/p>\n<p>&#8220;This development has sparked widespread calls for a reduction in interest rate, with business leaders and economists arguing that the current rate is no longer justified,&#8221; Tanveer said in a statement.<\/p>\n<p>With inflation under control, he stressed, the State Bank&#8217;s decision to maintain its policy rate at 11% has come under scrutiny as the wide real interest rate gap is choking industrial and economic growth.<\/p>\n<p>According to Tanveer, maintaining the rate at 11% is no longer justified and a reduction to at least 6% could have numerous benefits for the economy by reviving industrial growth, supporting job creation, boosting export competitiveness, reducing the government debt burden, and encouraging investment and business confidence.<\/p>\n<p>He urged the State Bank to take immediate action to reduce the interest rate. Tanveer also called on chambers of commerce, trade associations and business leaders to stand united and demand a growth-oriented and rational economic policy. &#8220;Let us raise a strong, collective voice to demand an economic policy that supports people, strengthens businesses, and leads Pakistan to a prosperous future.&#8221;<\/p>\n<p>He said the eyes of the business community and the nation were fixed on policymakers, expecting them to make decisions that would drive economic growth and development.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UBG Patron-in-Chief SM Tanveer has demanded a reduction in interest rate to 6% after a significant drop in the Consumer Price Index (CPI) to just 3% in August 2025. &#8220;This development has sparked widespread calls for a reduction in interest rate, with business leaders and economists arguing that the current rate is no longer justified,&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-18011","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/18011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18011"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/18011\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}